22nd Nov 2024 09:14
(Alliance News) - Games Workshop Group said on Friday that trading over the past two months has surpassed expectations, with better-than-expected performance anticipated for the first half of its financial year.
Shares in Games Workshop led the FTSE 250 climbing 13.8% to 13,330.00 pence following a trading update on Friday morning.
The Nottingham, England-based miniature wargames maker and retailer said it anticipates pretax profit for the six months to December 1 to stand at GBP120 million, a rise of 25% from GBP96.1 million a year ago.
The company's core revenue for the period is expected to be "not less" than GBP260 million, a 10% rise from GBP235.6 million a year ago, with licensing revenue doubling to GBP30 million from GBP13 million a year ago.
Total revenue for the first half of 2024 was GBP247.7 million.
Games Workshop will release its half-year results on January 14.
By Eva Castanedo, Alliance News reporter
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